The Swatch Group (OTCMKTS:SWGAY) Downgraded by Jefferies Financial Group to Underperform

Jefferies Financial Group cut shares of The Swatch Group (OTCMKTS:SWGAY) from a hold rating to an underperform rating in a research report sent to investors on Friday morning, MarketBeat reports.

The Swatch Group Price Performance

The Swatch Group stock opened at $8.77 on Friday. The Swatch Group has a fifty-two week low of $8.73 and a fifty-two week high of $13.73. The stock has a 50-day simple moving average of $9.99 and a 200-day simple moving average of $10.52.

About The Swatch Group

The Swatch Group AG designs, manufactures, and sells finished watches, jewelry, and watch movements and components worldwide. The company operates through Watches & Jewelry and Electronic Systems segments. The Watches & Jewelry segment designs, produces, and commercializes watches and jewelry.